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AP automation best practices for 2024 and beyond.

Airbase

An example of processing invoices: 4) An efficient implementation. 8) Streamlined workflow configuration. Onboarding is also your chance to do some housekeeping and clean up unhelpful GL categories, inadequate vendor records, unattributed cards, poorly maintained documentation, and incomplete expense policies.

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Invoice Automation: What you need to know.

Airbase

Invoice automation software can automate this process, and, in addition, some software allows you to create custom validation rules and workflows that can be used to ensure that all three documents match before the invoice is processed. Automated approval workflows. 3-way matching.

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Increasing Productivity in Finance

MineralTree

The upcoming State of AP Report 2023 highlights that almost half of respondents (49.1%) express concerns about reducing AP processing costs. For example, businesses that rely on manual invoice processing spend up to $12.44 This holds especially true in today’s economy. per invoice on average.

Finance 78
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How to Improve Efficiency Across the Finance Department

MineralTree

Make It Easier to Approve Invoices Efficient invoice approval workflows are essential for preventing bottlenecks and simplifying financial operations. Leveraging customized processes and solutions like MineralTree allows you to route invoices to the appropriate stakeholders for review, ensuring smooth monitoring and tracking.

Finance 91
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File-Based Integration vs. API: The Difference for AP Teams

MineralTree

An Overview of MineralTree’s Integration Capabilities MineralTree offers a wide range of ERP integration options , simplifying the transition to digital AP processes. Sage Intacct The integration with Sage Intacct allows seamless data exchange, helping AP teams efficiently manage their financial data.

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The Accounts Payable Workflow in QuickBooks: How to Improve the Process

MineralTree

Improving the QuickBooks AP Workflow: 11 Reasons to Automate While many organizations continue to rely on the current AP workflow in QuickBooks, the need for a more streamlined process is becoming increasingly clear. With platforms like MineralTree, invoice approvals can all be done via email.

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7 Steps to Improving the AP Check Run

MineralTree

The AP check run remains a pain point for many finance departments who rely on manual processes and outdated solutions to manage AP — in turn, causing check run delays and hiccups. This blog explores the intricacies of the AP check run and actionable tips to fortify your financial processes. Did you know?